Bank must agree with VDB before enterprises borrowing capital
On October 09, 2014, the State Bank of Vietnam issued the Circular No. 29/2014/TT-NHNN dated guiding commercial banks to coordinate with Vietnam Development Bank in the implementation of guarantee mechanism for small- and medium-sized enterprises borrowing capital as stipulated under the guarantee regulation promulgated together with the Decision No. 03/2011/QD-TTg dated January 10, 2011 of the Prime Minister.[...]
Precious gems with the value of VND 300 million must subject to custom declaration
In accordance with the Circular No. 35/2013/TT-NHNN dated December 31, 2013 of the State Bank of Vietnam guiding a number of provisions on anti-money laundering. Value of cash in foreign currency or Vietnam dong, precious metals, gems and negotiable instruments of VND 300 million must subject to customs declaration
subjects allowed to exit and entry the land border gater
On November 21, 2014, the Government issued the Decree No. 112/2014/ND-CP providing the management of land border gates and replaces the Government’s Decree No.32/2005/ND-CP of Marcy 14, 2005, on the Regulation on Land Border Gates; within that supplement the principles on the subjects allowed to exit and entry the...
REGULATIONS ON GUIDING THE ENGINEERING, PROCUREMENT AND CONSTRUCTION CONTRACTS
On December 30, 2016, the Ministry of Construction issued the Circular No. 30/2016/TT-BXD on guiding the engineering, procurement and construction contracts (EPC contract).
In accordance with the regulations in this Circular, an EPC contract applies solely to construction projects and contract packages of which execution time is required to be...
Macro-financial Organizations allowed to get foreign loan in Vietnam Dong
This is the content of the Circular No. 12/2014/TT-NHNN dated March 31, 2014 of the State Bank of Vietnam regulating on conditions for foreign loans of enterprises without government guarantee[...]
Medical establishments operating as enterprises may decide on price rates
On December 15, 2014, the Government issued the Resolution No. 93/NQ-CP dated December 15, 2014 on a number of mechanisms and policies on medical development. Under this Resolution, medical examination and treatment establishments operating as enterprises may decide on their price rates. All units shall declare and post up...
Law on Credit Institutions of Vietnam 2010
Law on Credit institutions of Vietnam 2010 , No. 47/2010/QH12, was passed on June 16, 2010, by the XIIth National Assembly of the Socialist Republic of Vietnam[....]
Increase special excise tax by 5% for alcohol and beer from 2016
On November 26, 2014, the 13th National Assembly on November 26, 2014 during the 8th session pass the Law No. 70/2014/QH13 on amending a number of articles of the Law on Special Excise Duty and deciding to increase special excise tax by 5% for some goods and commodities from...
Employees may file petitions for initiation of bankrupttcy procedures when enterprises fall to pay salaries within 3 months
On June 19, 2014, the National Assembly passed the Law No. 51/2014/QH13 on Bankruptcy with a number of new and important contents.[...]
FROM NOVEMBER 23, FEE PAID FOR SINGLE-ENTRY VISA IS REDUCED TO USD 25
This is one of the significant contents regulated under the Circular No. 157/2015/TT-BTC dated October 08, 2015 promulgating on collection, payment, and management of fees for issuance of passports, visas, documents for entry, exit, transit, and residence in Vietnam.
Accordingly, from November 23, 2015, fee paid for single-entry visa is...
